The Melbourne Institute Monthly Inflation Gauge fell by 0.2 per cent in February, after rising by 0.4 per cent in January. In the twelve months to February, the Inflation Gauge increased by 2.1 per cent after a rise of 2.3 per cent for the twelve months to January. Contributing to the overall change in February were price falls for automotive fuel (-5.6 per cent), and holiday travel and accommodation (-3.7 per cent). These were primarily offset by increases in furnishings, household equipment and services (+0.6 per cent), and housing (+0.2 per cent). The trimmed mean measure of the Inflation Gauge fell slightly by ... (full story)